Updating Human Capital Decisions: Evidence from SAT Score Shocks and College Applications

Timothy Bond, George Bulman (), Xiaoxiao Li and Jonathan Smith

MPRA Paper from University Library of Munich, Germany

Abstract: We estimate whether students update their collegepplication portfolios in response to large, unanticipated information shocks generated by the release of SAT scores -- a primary component of admissions decisions. Exploiting new population data on the timing of college selection and a policy that induces students to choose colleges prior to taking exam, we find that the release of scores causes students to update their portfolios in terms of selectivity, tuition, and sector. However, the magnitude of updating is too modest to significantly reduce unexplained variation across students, suggesting that non-academic factors may be the dominant determinants of college choice.

Keywords: college choice; learning; SAT (search for similar items in EconPapers)
JEL-codes: D83 I20 J24 (search for similar items in EconPapers)
Date: 2016-07-04
New Economics Papers: this item is included in nep-edu
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Updating Human Capital Decisions: Evidence from SAT Score Shocks and College Applications (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:72497

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